This paper investigates the behaviour in repeated decision situations. The experimental study shows that subjects show … low or no risk-aversion, but put very high value on the opportunity to sell the lottery in every stage of the decision … behaviour ; decision-making experiments …

economic theory suggests to solve the decision problem. But since real decision makers can hardly be expected to behave …In this paper I consider a complex decision problem where subjects have to cope with a time horizon of uncertain …

. Finally, we apply this general theory to a number of applications like the Nash demand game, the War of Attrition, Cournot and …

(geno-) types as in evolutionary biology and game theory. Survival in inter- and intraspecies competition together with …

according to which banks are not used at all. By applying the theory of equilibrium selection it is analysed which of the two …

theory. The conclusions depend, however. crucially on subtle details of the market decision processes about which there exist …The theory of industrial organization has experienced an impressive boom by using the methods of (non-cooperative) game … decision making instead of assuming it as exogenously given. In our study we consider a homogeneous market where, like in the …